Ancestry.com Inc. Prices Secondary Offering at $42.00 Per Share
May 11 2011 - 6:00AM
Ancestry.com Inc. today announced the pricing of its secondary
offering by selling stockholders of 4,350,000 shares of common
stock at a price of $42.00 per share. In addition, the selling
stockholders have granted the underwriters a 30-day option to
purchase up to an additional 652,500 shares of common stock to
cover over-allotments.
In addition, Ancestry.com announced that it agreed to repurchase
approximately $50 million worth of its common stock, under its
previously announced $125 million stock repurchase program,
directly from its chief executive officer and affiliates of
Spectrum Equity Investors V, L.P., the selling stockholders in the
offering. The stock repurchase will be effected in a private,
non-underwritten transaction at a price per share equal to the net
proceeds per share the selling stockholders receive in the
offering. Ancestry.com expects to use cash on hand to fund the
repurchase of such shares.
Morgan Stanley and BofA Merrill Lynch are acting as joint
book-running managers and representatives of the underwriters for
the offering. Citi is acting as passive book-runner and Allen &
Company and Piper Jaffray are acting as co-managers.
Ancestry.com has filed a registration statement (including a
prospectus and preliminary prospectus supplement), Registration No.
333-173953, with the SEC for the offering to which this
communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the
Company has filed with the SEC for more complete information about
the Company and this offering. You may get these documents for free
by visiting EDGAR on the SEC website at www.sec.gov. Alternatively,
copies of the prospectus supplement and accompanying prospectus
relating to the offering, when available, may be obtained from:
Morgan Stanley & Co. Incorporated, Prospectus Department, at
180 Varick Street, 2nd Floor, New York, NY 10014, and by phone at
(866) 718-1649 or by emailing prospectus@morganstanley.com; or BofA
Merrill Lynch, 4 World Financial Center, New York, NY 10080,
Attention: Prospectus Department or by emailing
dg.prospectus_requests@baml.com and by phone at 866-500-5408.
About Ancestry.com
Ancestry.com Inc. (Nasdaq:ACOM) is the world's largest online
family history resource, with over 1.6 million paying subscribers.
More than 6 billion records have been added to the site in the past
14 years. Ancestry users have created more than 24 million family
trees containing over 2.4 billion profiles. Ancestry.com Inc. has
local Web sites directed at nine countries that help people
discover, preserve and share their family history, including its
flagship Web site at www.ancestry.com.
Forward-looking Statements
This press release contains forward-looking statements. These
statements relate to future events or to future financial
performance and involve known and unknown risks, uncertainties, and
other factors that may cause our actual results, levels of
activity, performance, or achievements to be materially different
from those anticipated in these forward-looking statements. In some
cases, you can identify forward-looking statements by the use of
words such as "appears," "may," "designed," "expect," "intend,"
"focus," "seek," "anticipate," "believe," "estimate," "predict,"
"potential," "should," "continue" or "work" or the negative of
these terms or other comparable terminology. These statements
include statements regarding the offering and the repurchase of
shares. These forward-looking statements are based on information
available to us as of the date of this press release.
Forward-looking statements involve a number of risks and
uncertainties that could cause actual results to differ materially
from those anticipated by these forward-looking statements. Such
risks and uncertainties include a variety of factors, some of which
are beyond our control. In particular, such risks and uncertainties
include market conditions. Information concerning these and other
factors that could cause results to differ materially from those
contained in the forward-looking statements is contained under the
caption "Risk Factors" in the prospectus supplement related to the
offering, and in discussions in other of our SEC filings.
These forward-looking statements should not be relied upon as
representing our views as of any subsequent date and we assume no
obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information,
future events, or otherwise.
CONTACT: Investors:
Ancestry.com Inc.
Ryan Ostler
(801) 705-7942
rostler@ancestry.com
Media:
Ancestry.com Inc.
Heather Erickson
(801) 705-7104
herickson@ancestry.com
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